Jay W. Forrester

Business leaders make impassioned speeches about the advantages of a free-enterprise economic system while running some of the largest socialist bureaucracies in the world. They have central planning, central ownership of capital, central allocation of resources, subjective evaluation of people, lack of internal competition, and decisions made at the top in response to internal political pressures. These are the fundamental characteristics of a socialist economy. The speeches by corporate executives are right; their practices are not.

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